Patriot Scientific

Patriot Scientific Reports Profitable Quarter; Q3 FY '08 Net Income $6.3 Million or $0.02 Basic and Diluted Earnings Per Share.

almost 11 years ago

We had written off 1.1 million from the settlement for the Apple License with Lecky.. my guess is he will be making a payment to everyone he owes,, so we should see a small percentage of that.. we also have 54.8 million NOL (tax losses)@ 34.5% tax rate that is 19 million..these where taken off the books when we failed to be profitable….… My guess is this ¼ will be profitable for PTSC there will no taxes on the full amount…. several 1/4 of profits and those will be back on the books...